The bankruptcy this week of Crescent Resources LLC, one of the best of the high end real estate developers in the southeast and southwest, serves as a vivid reminder of how fortunate Landfall NC property owners are.\u00a0 In these very difficult economic times,\u00a0 living in an established community, where all the amenities are in place, where the community is mature, and where there is a stable association with a sufficient dues base to maintain the assets, is truly\u00a0a blessing.\u00a0<\/p>\n
Crescent is owned by Duke Energy and Morgan Stanley Real Estate Funds, so deep pockets do not make developing communities immune.\u00a0\u00a0 The list of developers of high quality projects that have either filed or have had bank intervention is\u00a0 long, including companies owned in whole or in part by Bobby Ginn, Lyle Anderson and the Sandlers–a list of the “who’s who” of the upper end real estate developers just a year or so ago.<\/p>\n
I wish for\u00a0all of these companies and their communities\u00a0a sound recovery,\u00a0but their fate highlights the fact\u00a0that Landfall is a special place.\u00a0 Our problem of a slow market, while not ideal, is a problem thousands of home owners in other communities would love to face.\u00a0\u00a0\u00a0 Our Landfall Realty sales associates\u00a0emphasis to our prospects\u00a0 the advantages of Landfall to those seeking a vibrant community that has no big “what ifs” getting in the way of a great lifestsyle.<\/p>\n
Kenneth M. Kirkman<\/p>\n","protected":false},"excerpt":{"rendered":"
The bankruptcy this week of Crescent Resources LLC, one of the best of the high end real estate developers in the southeast and southwest, serves as a vivid reminder of how fortunate Landfall NC property owners are.\u00a0 In these very difficult economic times,\u00a0 living in an established community, where all the amenities are in place, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4,5,6],"tags":[],"_links":{"self":[{"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/posts\/238"}],"collection":[{"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/comments?post=238"}],"version-history":[{"count":0,"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/posts\/238\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/media?parent=238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/categories?post=238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.landfallrealty.com\/wp-json\/wp\/v2\/tags?post=238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}